OneSpan: 2Q Earnings Snapshot
CHICAGO (AP) _ OneSpan Inc. (OSPN) on Thursday reported a loss of $2.5 million in its second quarter.
The Chicago-based company said it had a loss of 6 cents per share. Earnings, adjusted for one-time gains and costs, came to 1 cent per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The internet security company posted revenue of $56.2 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $55.6 million.
OneSpan expects full-year revenue in the range of $229 million to $237 million.
OneSpan shares have increased 23% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $15.87, a fall of 22% in the last 12 months.